NFP Acquires Colorado-Based Outdoor Insurance Group, Inc.
Acquisition expands NFP’s capabilities in the outdoor sports and entertainment industries
NEW YORK – June 27, 2019 – NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, today announced that it has acquired Outdoor Insurance Group, Inc. (OIG). The transaction closed effective June 1, 2019.
Based in Louisville, Colorado, OIG specializes in providing specialty coverage to outdoor recreational businesses, including campgrounds, consulting foresters, RV parks, hunt clubs and leases, and destination resorts. This acquisition adds to NFP’s strong offerings in the commercial sports and entertainment industries. Former OIG President Glenn Sudol will join NFP’s P&C division as a vice president.
"We’re pleased to welcome Glenn and his team of specialty coverage experts to the NFP family," said Henry Lombardi, executive vice president and head of NFP’s P&C division. "Their expertise in offering risk management services and specialized insurance products to the outdoor recreation market complements NFP’s existing relationships and capabilities in the sports and entertainment industries."
"Our combined knowledge of the outdoors and the insurance industry enables us to package best-in-class coverage for our valued customers," said Sudol. "We’re eager to expand the reach of our services and benefits from NFP’s resident experts and innovative resources."
NFP is a leading insurance broker and consultant providing customized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,100 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest US-based privately owned broker, 6th largest benefits broker by global revenue and 7th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).
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